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1. What is an electronic market?

  • Buyers and sellers come together to exchange goods and services
  • A market where buyers and sellers combine to exchange goods and services through technology such as the internet, phones, tablets etc.
  • The amount consumers are willing and ables to buy at a set price over a period of time
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Other questions in this quiz

2. How do you calculate contribution per unit?

  • Selling price x Number of items sold
  • Selling price per unit - Variable cost per unit
  • Contribution per unit x Number of items sold
  • Fixed costs + Variable costs

3. How do you calculate total contribution?

  • Sales revenue - Total costs
  • Selling price x Number of items sold
  • Contribution per unit x Number of items sold
  • Fixed costs / (Selling price per unit - Variable cost per unit)

4. How do you calculate profit?

  • Fixed costs / (Selling price per unit - Variable cost per unit)
  • Sales revenue - Total costs
  • Fixed costs + Variable costs
  • Selling price per unit - Variable cost per unit

5. How do you calculate sales revenue?

  • Fixed costs + Variable costs
  • Selling price per unit - Variable cost per unit
  • Selling price x Number of items sold
  • Sales revenue - Total costs

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